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A cheque is considered paid when the person to whom the cheque was issued deposits it in a bank and receives the cash due against the cheque.

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Q: When is a check considered paid?
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Related questions

Are postdated checks considered cash?

No. It is very well possible that when you cash the check it does not get paid.


Could be considered a crime a check given to secure a payday loan?

Checks given for payday loans are generally post dated. This means if the money is not there for the loan to be paid it is considered fraud and a crime. Also if the check is a rubber check or fake.


Per diem how paid when paid?

It is usually paid by check, either included with the paycheck or on a separate check paid through accounts payable.


What is an error count that will never be paid considered to be?

An account that will never be paid is considered a write off.


I have been told that if you write Final Payment on your check that you give to a creditor and they cash it The debt is then considered paid whether there is a balance or not Is this true?

No, it is not true.


Is a free horoscope as accurate as a paid one?

It's possible to get really good info from a free horoscope. Check out daily readings in your local newspaper. The should be considered just as valid as paid readings.


Is tax paid on purchases an asset or liability?

Tax paid on purchases are considered a liability. Anything paid to another is considered a liability for businesses because they are spending money.


What paid up policies does MOHaddock have?

How do you check on paid up policies


When is a debt considered paid or resolved?

When both parties agree its been paid.


Can a stop be placed on a cleared check?

A cleared check is one for which the money due by means of the check has already been paid to the payee. So a stop cannot be placed on it because, the funds have already been paid out and the bank cannot reclaim the funds paid out for a check.


What is another word for bounce check?

A bounce check is also known as a rejected check or a dishonored check. It all means one and the same. A check that was submitted for encashing has not been paid and the check is literally useless or worthless for the person who was paid using that check.


How to verify funds paid by check?

Call the Bank that issued the check.